The ethereum price is already up by 1,000% on this time last year, leaving bitcoin and many other major cryptocurrencies in the dust. The panel of bitcoin, ethereum and cryptocurrency experts, put together by personal finance comparison site Finder, returned an average ethereum price prediction of $5,114 by the end of 2021-up around 20% from its current $4,350-to $15,364 by 2025 and then more than tripling to $50,788 by the end of 2030. However, it’s not yet known how such a shift, not expected to be completed until well into 2022, could affect scalability or profitability for miners-those that secure ethereum’s blockchain. Late last year, ethereum began its long-awaited shift from bitcoin’s proof-of-work security and validation model to proof-of-stake-something many developers hope will make ethereum more efficient and less energy demanding. Web 3.0, the idea that a decentralized version of the internet will eventually replace the Silicon Valley-centric web 2.0, has been popularized in recent years, helped by the growth of the crypto and blockchain economy that some think could form its basis. “Ethereum does a better job of supporting development on its blockchain and will have a more lightweight proof-of-stake mining model than bitcoin means that it can potentially be the backbone of web 3.0,” said Daniel Polotsky, the founder of crypto ATM operator CoinFlip and panel member, who predicts ethereum’s growth may even surpass bitcoin’s over the next decade. The ethereum price has outpaced bitcoin over the last year as its crypto-based projects flock to its … blockchain.
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Sign up now for the free CryptoCodex -A daily newsletter for the crypto-curious. Now, a panel of 50 bitcoin, ethereum and cryptocurrency experts has predicted the ethereum price could top $5,000 per ether before the end of 2021-and rocket to over $50,000 by 2030.
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The bitcoin price has struggled this week, falling back after soaring to never-before-seen highs of around $67,000 per bitcoin earlier this month. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains Bitcoin and ethereum have both surged in recent weeks, with the ethereum price this week hitting a fresh all-time high amid a battle for memecoin dominance.